DUTY DRAWBACK BACK -BRAND RATE OF FIXATION

[KULDEEP SINGH]

Dear Team,

We have taken CENVAT Credit on CVD AND SAD on inputs of imported material , we are claiming Duty drawback under Brand Rate of fixation ,now we have accumulated Credit in books ,can we reverse only SAD amount from books and claim SAD amount also in duty drawback along with BCD ,please confirm me notification saying that we can reverse SAD credit and afterwards claim SAD amount in duty drawback under brand rate of fixation ..

Thanks

AI Summary

Reversing Special Additional Duty Credit: Timing and Compliance for Duty Drawback Claims Under Brand Rate Fixation A query was raised regarding the possibility of reversing the Special Additional Duty (SAD) credit from the books and subsequently claiming it in duty drawback under the brand rate of fixation. The individual inquired about the relevant notification that allows for this reversal and claim. The response indicated that such planning should occur at the time of importing the raw material.